Bank of America Corp DE Acquires 22,280 Shares of HF Foods Group Inc. (NASDAQ:HFFG)

Bank of America Corp DE lifted its position in shares of HF Foods Group Inc. (NASDAQ:HFFG) by 84.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,807 shares of the company’s stock after acquiring an additional 22,280 shares during the period. Bank of America Corp DE owned approximately 0.09% of HF Foods Group worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in HF Foods Group in the 4th quarter valued at about $38,000. Prudential Financial Inc. bought a new stake in shares of HF Foods Group in the fourth quarter valued at approximately $42,000. Intech Investment Management LLC bought a new stake in shares of HF Foods Group in the fourth quarter valued at approximately $42,000. MetLife Investment Management LLC grew its stake in HF Foods Group by 458.0% during the fourth quarter. MetLife Investment Management LLC now owns 23,381 shares of the company’s stock valued at $75,000 after acquiring an additional 19,191 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in HF Foods Group by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 23,631 shares of the company’s stock valued at $76,000 after acquiring an additional 5,348 shares in the last quarter. Institutional investors own 24.02% of the company’s stock.

HF Foods Group Price Performance

Shares of NASDAQ:HFFG opened at $3.46 on Tuesday. The firm’s 50 day moving average price is $3.88 and its 200-day moving average price is $3.34. HF Foods Group Inc. has a twelve month low of $1.70 and a twelve month high of $4.93. The company has a quick ratio of 0.45, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $183.43 million, a PE ratio of -115.33 and a beta of 0.61.

HF Foods Group (NASDAQ:HFFG) last released its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. The company had revenue of $298.43 million for the quarter, compared to the consensus estimate of $303.68 million. Equities research analysts expect that HF Foods Group Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HFFG shares. Wall Street Zen lowered shares of HF Foods Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Roth Capital began coverage on shares of HF Foods Group in a research report on Friday, May 9th. They set a “buy” rating and a $7.00 price objective on the stock.

About HF Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.